Wheat Futures Little Higher

September Chicago Wheat is trading at 438 1/2, up 3 1/2 cents/bushel. December Chicago Wheat is trading at 460 1/4, up 3 3/4 cents/bushel. September Kansas City Wheat is trading at 422, up 3/4 of a cent/bushel. Wheat futures are trading rangebound and a little higher Monday morning. Market chatter about global wheat supplies and demand is making the rounds. The USDA reported on Friday that wheat export sales for current marketing year as of June 30th are now 34.5 percent of the USDA forecast versus the five year average of 31.1 percent. The USDA World Agricultural Supply and Demand Estimates Report (WASDE) and crop production data is due out Tuesday at 12:00 p.m. ET.